Motorola Eyes Siemens’ Telecoms Unit

Reuters has reported that Motorola is interested in Siemens loss-making telecoms unit Com. Over the Easter weekend German papers said one option in the talks between Siemens and Motorola was the complete takeover of Siemens Com – its biggest unit -that had sales of 13 billion euros ($16 billion) and 55,000 employees.

No comment was forthcoming from Siemens.

The papers also said Motorola had repeatedly shown interest in acquiring the profitable mobile network division, but Siemens’ Chief Executive Klaus Kleinfeld wanted to sell the whole unit, including loss-making divisions.

Mobile networks is the most successful part of Siemens Com, which also makes equipment for fixed-line telecoms companies. Com’s operating profit fell 13 percent to 323 million euros in the fiscal first quarter to end-December.

Without the sale of a stake in U.S. networks equipment maker Juniper Com would have made a loss of 43 million euros in the quarter. Its sales rose 10 percent to 3.42 billion euros in the period.

The paper said Siemens’ supervisory board could discuss the future of the Com unit at its meeting on April 24.

The following two tabs change content below.


Latest posts by admin (see all)